10 Ether

$095

€095

News & Updates

A lot has changed since our last Coinmama weekly cryptocurrency roundup. Bitcoin’s price dropped from $4,200 all the way to a low of $2,970 on September 15 as China’s central authorities cracked down on bitcoin exchanges. After four Chinese bitcoin exchanges announced closing operations, the price per BTC regained some energy the same day, and bounced back to the $3,800 mark. At press time, bitcoin is hovering around the $4,000 per BTC price range. This mid-September bitcoin price drop affected alternative digital currencies, as well as Ethereum markets dropped to a low of $300 per ETH.

Lots of things happened over the course of last week after Coinmama’s last weekly roundup. Bitcoin reached an all time high weighted average of $4980 per BTC and $5,000 on a few Asian exchanges. However, the price has since dropped from that point significantly lower since that point reaching a low of $4250 at the time of writing. Ethereum also followed bitcoin’s higher rise last week but dropped lower than BTC’s drop 15 percent to $280 per ether. The entire top twenty cryptocurrency market capitalizations are trying their best to keep at least some of last week’s gains.

Bitcoin and cryptocurrency markets moved on to the upside after our weekly report last week as digital currency markets now capture over $156.5 billion. Currently, bitcoin has broke yet another record, currently trading at $4620 per BTC. Ethereum markets are also doing extremely well spiking to $370 per ether at the time of writing. Because bitcoin is doing so well this week, cryptocurrency markets, in general, are pushing over $4B in daily trade volume as demand for digital assets has grown exponentially.

Another exciting week has passed as Bitcoin, and Ethereum fans watch both markets show a lot of price action. At the time of writing one bitcoin is roughly $4030 per BTC dropping a touch lower than last weeks all-time high. Ethereum markets have started to pick up steam as it was steadily moving along at $300 per ETH but now is $340 at press time. Most cryptocurrency enthusiasts have been focused on the correlated action between Bitcoin (BTC) markets and the alternate chain Bitcoin Cash (BCH).

Bitcoin has had an explosive week as the decentralized currency has garnered over $1000 in value in just seven days. At the time of writing one BTC is worth $4250 compared to last week’s August 5th climb past the $3000 range. Ethereum markets have also gained a boost from bitcoin’s upward push as one ether is worth $300 per ETH at press time. Currently, the entire cryptocurrency market capitalization has captured a whopping $138B and continues to grow exponentially.

The bitcoin space has changed quite a bit since our last weekly report. On August 1 the bitcoin network bifurcated into two branches forming a new digital currency called ‘Bitcoin Cash.’ A lot of people had assumed this would affect bitcoin’s price negatively but actually had the opposite effect. Bitcoin’s price smashed past the US$3K territory and had reached an all time high of $3430 on August 7. Ethereum has also done quite well as the digital currency is currently valued at $270 per ETH at the time of writing.

Virtual currency is becoming more popular by the minute. It’s starting to seem that everyone wants in, yet it isn’t always so easy to get a hold of. Read more